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  • #9,881
  • Jun 10, 2014 1:12pm Jun 10, 2014 1:12pm
Quoting frietzak
{quote} That seems reasonable, yes. But first I expected a retracement back to the 1254 area. We need to wait and see whether gold will close above or below 1260. What are your thoughts on this? Best regards, Frietzak
sorry busy day, looking good i missed out shorting gbjy ?? but looking at a maybe bounce off the 10 ema white long
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  • #9,882
  • Jun 10, 2014 1:17pm Jun 10, 2014 1:17pm
Quoting aurasuccess
{quote} hello sir..can you share this indicator? {image}
lubang kosong is the name google it and you will find a download ,, regards E
  • #9,883
  • Jun 10, 2014 5:00pm Jun 10, 2014 5:00pm
Hi All
I've been following your forum for a while , and i like what u r doing here , i will share with you my point of view hoping you will find it useful ,

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from the above chart we see we have 1251.48 resistance that became support today, our next resistance will be 1277 as long as it holds 1251.48.

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and here is the interesting part , the ADX is giving clear buy signal and so the RSI , but the interesting part in the RSI is that , the lower side of the descending triangle at 1277 that was broken is equivalent to 36.94 level on RSI , and that level was broken today , so i guess the road is open to 1277.

after all that's my humble point of view.
  • #9,884
  • Jun 10, 2014 8:13pm Jun 10, 2014 8:13pm
My TP remind @ 1268. will be looking for short opportunity if above that level will be on the side line to see when its given a clear picture.
  • #9,885
  • Jun 10, 2014 10:16pm Jun 10, 2014 10:16pm
Morning!
My view on Gold on weekly chart. I think gold love triangles and parallel lines. Now the price is on it's way to 1350. until beginning of july it will break the triangle.
there's another triangle which will get broken by the end of this year and price starts to go higher to 1600 level.
But of course there's possiblity of breaking the angle before but not downward IMHO.
We are in a big big triangle which will get broken until summer 2016 and then price will spike higher to 2000 and maybe new highs.
Like to hear your oppinions on this
Regards
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  • #9,886
  • Jun 10, 2014 10:58pm Jun 10, 2014 10:58pm
The initial impression says price is going up, hope the clock patterns support further up-swing.
Hello World!
  • #9,887
  • Jun 11, 2014 3:09am Jun 11, 2014 3:09am
why are you on buy limits and not long already if you are sure of said price action?

Im also bullish and heavily long on metals

Quoting pouyanv
Morning! My view on Gold on weekly chart. I think gold love triangles and parallel lines. Now the price is on it's way to 1350. until beginning of july it will break the triangle. there's another triangle which will get broken by the end of this year and price starts to go higher to 1600 level. But of course there's possiblity of breaking the angle before but not downward IMHO. We are in a big big triangle which will get broken until summer 2016 and then price will spike higher to 2000 and maybe new highs. Like to hear your oppinions on this Regards...
  • #9,888
  • Jun 11, 2014 3:22am Jun 11, 2014 3:22am
I love sketching too, but don't waste your time on this... this summer is the news who rules Gold.
  • #9,889
  • Jun 11, 2014 3:45am Jun 11, 2014 3:45am
Quoting Mitchoss
why are you on buy limits and not long already if you are sure of said price action? Im also bullish and heavily long on metals {quote}
This is my demo account bro.
  • #9,890
  • Jun 11, 2014 3:52am Jun 11, 2014 3:52am
Quoting MikiFX
I love sketching too, but don't waste your time on this... this summer is the news who rules Gold.
Ok, whats your fact then? Technicals play the biggest rule, Most of the traders believe.
  • #9,891
  • Jun 11, 2014 4:12am Jun 11, 2014 4:12am
Quoting Mitchoss
why are you on buy limits and not long already if you are sure of said price action? Im also bullish and heavily long on metals {quote}
please share some wisdom over TP targets on silver because i started trading it recently and currently am targeting 19.3110 with longs from 19.12
  • #9,892
  • Jun 11, 2014 4:16am Jun 11, 2014 4:16am
Quoting frietzak
{quote} That seems reasonable, yes. But first I expected a retracement back to the 1254 area. We need to wait and see whether gold will close above or below 1260. What are your thoughts on this? Best regards, Frietzak
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i am pp 51 to 61 now happy wit that the rest is a bonus tp 71 if it hits i was going to short on the close of that same number but lets see gl
  • #9,893
  • Jun 11, 2014 4:30am Jun 11, 2014 4:30am
hi all, it seems the gold is trying to brek the point of 1267-1268 if it will i believe you will see it getting to 1274/5
seems that if it will not it will bearish back to 1254/5
  • #9,894
  • Jun 11, 2014 4:54am Jun 11, 2014 4:54am
ONLY GOLD!!!!!!!!!!!! is there a xagusd thread?........
Whats That? you're trading What?
  • #9,895
  • Jun 11, 2014 5:05am Jun 11, 2014 5:05am
Bearish wedge + 161.8 fibo + 31.8 fibo + AB=CD + descending trendline

I'm short. tp:1220. sl: 1269

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If you do not know who you are, the Forex is the worst place to find you
  • #9,896
  • Jun 11, 2014 5:14am Jun 11, 2014 5:14am
not in gold atm ...... other things in play ....Ive missed a bit against the trend as I see it ,,will be much keener when resistance hit or broken....(actually been short SPI200 all day )
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Whats That? you're trading What?
  • #9,897
  • Jun 11, 2014 5:22am Jun 11, 2014 5:22am
Quoting skassacomput
Bearish wedge + 161.8 fibo + 31.8 fibo + AB=CD + descending trendline I'm short. tp:1220. sl: 1269 {image}
Also have been building shorts the last couple of days, for the retest of 1240.
  • #9,898
  • Jun 11, 2014 6:06am Jun 11, 2014 6:06am
Quoting TudorJonesJR
{quote} Also have been building shorts the last couple of days, for the retest of 1240.
So have I. Just added one more. This upward movement looks like a retracement pattern and not a move based upon fundamentals.
"The market can remain irrational longer than you can remain solvent"
  • #9,899
  • Jun 11, 2014 6:15am Jun 11, 2014 6:15am
Quoting anton.olff
{quote} So have I. Just added one more. This upward movement looks like a retracement pattern and not a move based upon fundamentals.
Can you please elaborate further. Is there any criteria to recognize retracement from a new move?
  • #9,900
  • Jun 11, 2014 6:38am Jun 11, 2014 6:38am
Quoting bonnzi
{quote} Can you please elaborate further. Is there any criteria to recognize retracement from a new move?
For some it might be a "new" move depending on the time frame they trade (intra-day) and/or if they believe that the move is outside of the average daily trading range for gold. A $20 move is well within the daily trading range, albeit, gold has been trading in a tighter range (algos?) recently. A $10-15 move is insignificant in regards to a longer term trader, especially when the downward trend remains intact, largely due to improving fundamentals, less geo-political risk, and the diminishment of QE.
"The market can remain irrational longer than you can remain solvent"
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